The politics of austerity suffered a significant setback in Colombia. After three months of debate and negotiations, President Gustavo Petro achieved a major legislative triumph in November when Congress passed his ambitious tax reform bill. The new tax regime follows a very straightforward principle: those who earn and own more, pay more. While the $20 More

The post How Colombia Will Tax the Wealthy appeared first on CounterPunch.org.

This post was originally published on CounterPunch.org.